I emphasised the funny bit. I bet they didn’t wish upon a star.
Dow futures fall 1,500 points Sunday as Trump tariff market collapse worsens: Live updates
…a market wipeout to end last week:
The Dow posted back-to-back losses of more than 1,500 points for the first time ever, including a 2,231-point shellacking on Friday.
The S&P 500 dropped 6% on Friday for its worst performance since the outbreak of the pandemic in March 2020. The benchmark lost 10% in two days, pushing it to more than 17% below its February record, perilously close to a 20% bear market.
The Nasdaq Composite entered a bear market Friday — down 22% from its record — after losses on Thursday and Friday of nearly 6% apiece.
Investors did not receive the news over the weekend they were wishing for that the Trump administration was having successful negotiations with countries to lower the rates, or at the very least, was considering delaying the set of so-called reciprocal tariffs due to take effect April 9. The initial unilateral 10% tariff went into effect Saturday.
I should take my now $9000 401k out maybe.
nah the tax penalties on taking it out early are brutal. unless you urgently need the money right now it’s better to leave it. idk how old you are but the chances are the market will recover before you’re old enough to withdraw without the penalty (59)
I actually just checked and I have a lot more than I though because turns out, Biden did a good job and making the Wall Street astrology numbers go up. I do need to think about folding in my new job’s 401k but I don’t think they do matching. It’s still growth though.
I have a TRS(or whatever school district employees get] that I will probably take out since it’'s not gonna number go up any time soon.